Correlation Between Pheton Holdings and One Step

Can any of the company-specific risk be diversified away by investing in both Pheton Holdings and One Step at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Pheton Holdings and One Step into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between Pheton Holdings Ltd and One Step Vending, you can compare the effects of market volatilities on Pheton Holdings and One Step and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Pheton Holdings with a short position of One Step. Check out your portfolio center. Please also check ongoing floating volatility patterns of Pheton Holdings and One Step.

Diversification Opportunities for Pheton Holdings and One Step

0.26

Correlation Coefficient

Pheton Holdings  One Step

Modest diversification

The 3 months correlation between Pheton and One is 0.26. Overlapping area represents the amount of risk that can be diversified away by holding Pheton Holdings Ltd and One Step Vending in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on One Step Vending and Pheton Holdings is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Pheton Holdings Ltd are associated (or correlated) with One Step. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of One Step Vending has no effect on the direction of Pheton Holdings i.e., Pheton Holdings and One Step go up and down completely randomly.

Pair Corralation between Pheton Holdings and One Step

Given the investment horizon of 90 days Pheton Holdings Ltd is expected to under-perform the One Step. In addition to that, Pheton Holdings is 1.04 times more volatile than One Step Vending. It trades about -0.13 of its total potential returns per unit of risk. One Step Vending is currently generating about 0.03 per unit of volatility. If you would invest  1.36  in One Step Vending on July 17, 2025 and sell it today you would lose (0.36) from holding One Step Vending or give up 26.47% of portfolio value over 90 days.

Time Period	3 Months [change]
Direction	Moves Together
Strength	Very Weak
Accuracy	98.44%
Values	Daily Returns

Pheton Holdings Ltd  vs.  One Step Vending

Pheton Holdings

Risk-Adjusted Performance

Weakest

Over the last 90 days Pheton Holdings Ltd has generated negative risk-adjusted returns adding no value to investors with long positions. Despite fragile performance in the last few months, the Stock's technical indicators remain quite persistent which may send shares a bit higher in November 2025. The latest mess may also be a sign of long-standing up-swing for the company institutional investors.

One Step Vending

Risk-Adjusted Performance

Weak

Compared to the overall equity markets, risk-adjusted returns on investments in One Step Vending are ranked lower than 2 (%) of all global equities and portfolios over the last 90 days. Despite quite fragile basic indicators, One Step disclosed solid returns over the last few months and may actually be approaching a breakup point.

Pair Trading with Pheton Holdings and One Step

The main advantage of trading using opposite Pheton Holdings and One Step positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Pheton Holdings position performs unexpectedly, One Step can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in One Step will offset losses from the drop in One Step's long position.

The idea behind Pheton Holdings Ltd and One Step Vending pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.

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Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.